Wednesday, December 12, 2012

Domestic Politics Here?

Link to SeekingAlpha.com.
Moreover, [CVX] is expected to strengthen its position in the oil market. In our opinion, the high exposure of the company in deepwater exploration would prove to be instrumental in driving its future growth. The Environmental Protection Agency (EPA) imposed a ban on awarding new contracts in the United States to BP due to the tragic Gulf of Mexico oil spill incident. We believe Chevron is in a good place to win the contracts being denied to BP in the auction expected to take place in March next year. This would help the company obtain some of BP's market share and start supplying oil to the United States government and armed forces.
"Start supplying oil to the United States government and armed forces." ????

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